All The Way Up! Netflix Is Growing Towards $150 Billion USD Market Cap

The good folks over at Netflix are back, and they are getting bigger than ever. Last quarter the news came down that Netflix had passed the $100 billion USD market cap. Today the word comes down that after a dramatic rise in its stock, Netflix’s stock is nearing an unprecedented $150 billion USD market cap.

Netflix added 7.41 million new subscribers in the first quarter of the year, 1.2 million more than what was projected. That means Netflix has 119 million paid streaming memberships heading into its new team up with cable subscription with Comcast, which is sure to dramatically raise that figure.

Despite the joint venture expected to cost a $3-4 billion USD, the increase in user count should push Netflix over the $150 billion USD market cap. Stay tuned for much more on this and more from Netflix coming soon.